There are many books out there trading. Many of these books are not too good. Here is a list of the ten best trading book that will help new traders to shorten their learning curve and achieve their trading goals, no matter which market you follow, be it futures, stocks, forex or currency, no matter what your trading style, either The trend trading, swing trading or day trading. These books are of course very helpful for professional traders as well.
1.Reminiscences of a Stock Operator by Edwin Lefevre
2.Market Wizards: Interviews with Top Traders by Jack D. Schwager
3. The New Market Wizards: Conversations with America's Top Traders by Jack D. Schwager
4.Pit Bull: Lessons from Wall Street's Champion Day Trader by Martin Schwartz
5.The Taylor Trading Technique by George D. Taylor
6.Japanese Candlestick Charting Techniques, Second Edition by Steve Nison
7.Technical Analysis of the Financial Markets by John J. Murphy
8.Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas
9.Zen in the Art of Archery by Eugen Herrigel
10.The Art of War by Sun Tzu
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Besides books there are also well-known trader leaders. Here there are some people who are successful in the trading business, they are leaders in the world of traders and often a trader guidelines now.
1. Jessie Livermore
"It is not as important to buy as cheap as possible as it is to buy at the right time. "
Born in Shrewsbury, Massachusetts, Jesse Livermore trading career started at the age of fourteen. After being expelled from school by his father, Jesse collect some items and $ 5 dollars and giving her the permission and prayers of his mother, he left home to avoid his father's farm life that will be given to him. He then started his career by posting stock price (stock quotes) at Paine Webber brokerage in Boston.
2. W.D Gann
William Delbert Gann, born on a farm, seven miles from Lufkin, Texas on 6 June 1878. He was the eldest of 11 siblings, he has a brother two female 8 male father is Sam Houston Gann and his mother Susan R. Gann. Gann lives in the house which is very small and versatile kekuranganGann sell cigars and newspapers on the train. During the work, he heard many conversations about investing. Gann was wondering if it is possible to predict the future.
Many conversations he heard about predicting prices will bring cotton merekaGann moved to New York in 1903 at age 25 and began working at a brokerage firm on Wall Street.Bekerja in prime brokerage Wall Street, Gann make changes for change in his life that becomes more well.
Predicting is very dinikmatinyaSebagai Gann activity pioneer in the reader graphs / charts, notes made reference to some of the best books sellerDia predict market conditions for 20 years and recorded 85% accurate. But he did not limit his predictions on prices.
3. Ralph Nelson Elliott
(July 28 1871-15 Januari 1948) An American accountant and author, who studied the stock market for developing wave principle, a form of technical analysis that identifies trends in the financial markets. He asserted that the market price has a certain pattern. Which until now known by Wave.Elliott Elliott Wave Theory.
In the early 1930s Elliot begin to learn systematically about 75 years of stock market data, including graphs of 30Menitan to an annual index. In August 1938 he detailed the results of his studies with the publication of the third opening (written in collaboration with Charles J. Collins), called The Wave Principle. Elliott said that the stock market prices may appear random and unpredictable, actually follow the law of prediction, the laws of nature and can be measured and predicted using Fibonacci numbers. After the publication of The Wave Principle, the world financial magazine commissioned to write 12 articles describing a new method of forecasting the market.
4. Buffet
Buffett coins earned from profit after buying the companies listed in the capital markets that can be accessed every investor. Because the man who was born August 30, 1930 in Omaha, Nebraska that has been totally involved in the exchange, may be called as one of the icons of capital markets.
Warren Buffett was born in omaha on August 30, 1930, dubbed as "The Sage of Omaha" or "the adviser of Omaha", is an investor, businessman, and also a filantopis.Sebelumya Buffet worked at his father's brokerage as a salesman until one day he meets Graham, who later gave him a job position in 1954. Buffett returned to Omaha two years later, when it was Graham resigned.
Buffett accumulated a wealth of abundant of an investment company called Berkshire Hathaway, of which he is also the largest shareholder in the company concurrently as CEO. With the number of net worth (approximately) of US $ 52 billion, he was ranked the world's third-richest based survey in April 2007 under Bill Gates and Mexican businessman Carlos Slim Helú.nama named Buffett is listed as 100 Influential People in the World version Time magazine.
Buffett founded the first company in 1956 named Buffett Associates, Ltd. Its capital when it was $ 100,000 and $ 105,000 from the buffets of the joint venture partners consisting of family and friends Buffet.
Then, Buffett also established several joint ventures that later merged into Buffett Partnership Limited. At that time he runs his business out of bed. He is busy preparing investment approach and structure of the division of the crops. The current investment loss of 30% during the year 1956-1969.Sesuai with the commitment he had made earlier, in June 2006 Buffett donates 83% of its profit to the Bill and Melinda Gates Foundation. Total donations Buffett when it reached $ 30 billion, an achievement the largest donation in the history of America. The fund is twice as common funds collected the Bill and Melinda Gates Foundation.
5. Brian Gelber
Gelber, chief executive officer of the Group Gelber. He began his career on the floor of the CBOT (Chicago Board of Trade) as a broker and trader in 1977. CBOT be large enough broker and respected in America.
"Perhaps one of the biggest mistakes I have ever made is changed from broker a trader" he said. "I was a representative of a broker / brokerage great and have sufficient ability, good skills in dealing with people who are used to trading and various market situations."
It is also an expensive step. He estimates has lost $ 3 million - $ 4 million in the first six months of 1986. As many as 20% of its capital carried out for long-term trading and 80% for intraday.
Then he changed his system that is 80% to 20% long term and short term. Then something happened that on October 19, 1987, when he made $ 4 million in 20 minutes.
Gelber and the team only uses the Moving Average indicator in trading. "One of my biggest indicator is the people," he said, "their interpretation of their indicators, how they present the indicators, and seeing their excitement factor".
6. George Soros
Born on August 12, 1930 as György Schwartz, the Hungarian-American businessman who was also an investor and dermawan.Saat the 13-year-old Soros (March 19 440 when Nazi Germany controlled Hungary, Soros worked with the Jewish Council, who had been there during the Nazi occupation of Hungary , to carry out the administration of anti-Jewish Nazi and Hungarian.
Soros emigrated to England in 1947 and, as a poor student, lives with his uncle, an Orthodox Jew. Uncle who paid his bills while he attended the London School of Economics, where he received a Bachelor of Science in 1952. Meanwhile, a student of the philosopher Karl Popper, working as a guard rail latch and as a waiter. A lecturer from the University of collecting funds for Soros, and he received a GB £ 40 from the charity Religious Society of Friends (Quaker).
In a discussion at the Los Angeles World Affairs Council in 2006, Alvin Shuster, former foreign editor of the Los Angeles Times, Soros asked, "How can an immigrant become a financial expert? ... When did you realize that you know how to make money? "Soros replied," Well, I've tried all kinds of jobs and I ended up selling luxury goods at the seaside, gift shop, and I thought, and then I really do not know what I should do. So, I wrote to each director in each merchant bank in London, with only gets one or two replies, and ultimately that's how I got a job in a merchant bank "My job at that time in the entry-level position at Singer & Friedlander.
On March 12, 2012 Forbes involving Soros, at the age of 81, as the 22 richest people in the world, and as the world's richest hedge fund managers, and the number 7 on the list of the 400 richest Americans, with a net worth estimated at 20 billion dollars. Soros has donated approximately 8 billion dollars since 1979.
He is chairman of Soros Fund Management. Soros also supports and engages with the progressive-liberal causes. He was known as "The Man Who Broke the Bank of England" or "People who kicked British bank" because the investment gains totaling 1 billion dollars during the 1992 Black Wednesday when the crisis in the UK.
Between 1979 and 2011, Soros donated more than 8 billion dollars for human rights, public health and education expenses. He was an important person involved in the peace transition from communism into capitalism in Hungary (1984-89), and became the largest contributor to the Central European University in Budapest. Soros also heads the Open Society Institute.
SOURCE: VARIOUS SOURCES
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